Blog - Page 3829 of 5587

MondayFeb 22, 2010 8:28 am

Court Confirms Accuride Corp.’s (AURDQ.OB) Plan of Reorganization

On Friday, Accuride Corp. announced that the United States Bankruptcy Court for the District of Delaware has confirmed the company's Plan of Reorganization. Accuride’s President and CEO Bill Lasky outlined the plan: "The reorganization plan will allow Accuride to emerge from Chapter 11, after only five months, with the financial flexibility necessary to ensure the continued pursuit of our strategic objectives. This new capital structure, coupled with the significant operational restructuring initiatives we have implemented, will position the Company for future growth and the continued leadership of our brands." Accuride's U.S. entities filed a voluntary petition in October 2009 for…

MondayFeb 22, 2010 8:27 am

Reddy Ice Holdings, Inc. (FRZ) Reports Fourth Quarter Loss

Reddy Ice Holdings, Inc. reported a net loss of $2.0 million, or $0.09 per share, in the fourth quarter of 2009. This was an improvement from the net loss of $9.8 million, or $0.44 per share, in the same quarter of 2008. Revenues also declined on a year over basis, from $57.9 million in the fourth quarter of 2008, to $54.7 million in the fourth quarter of 2009. Reddy Ice Holdings, Inc. saw its earnings boosted in the fourth quarter by a $5.0 million payment due to an insurance recovery. Management of Reddy Ice Holdings, Inc. attributed the loss to…

MondayFeb 22, 2010 8:25 am

Li3 Energy, Inc. (LIEG.OB) Announces the Appointment of David Wahl and Antonio Ortuzar as Directors

Li3 Energy, Inc., a lithium exploration company, Friday announced the appointment of David G. Wahl and Antonio Ortuzar to its Board of Directors to take effect immediately. David G. Wahl, P Eng., P.Geo., is a prominent mining professional with an extensive background, which includes international experience and mining finance. Mr. Wahl serves as President and CEO of Southampton Associates – Consulting Engineers & Geoscientists. They provide mining sector consulting and technical services to corporate clients, financial institutions and governments. He graduated from the Colorado School of Mines with a degree of Engineer of Mines. He has followed and reported on…

MondayFeb 22, 2010 8:09 am

The Federal Reserve Raises the Discount Rate by a Quarter Percent

After the stock market closed Thursday, the Federal Reserve raised its discount rate by a quarter-point to 0.75 percent. The discount rate is the rate the Federal Reserve charges banks for emergency loans. It is less important than the key federal funds rate which is the rate that loans for consumers and businesses are based on. That rate remains at 0.25 percent and is expected to stay low for an extended period of time. The Federal Reserve itself said its action should not be seen as a sign that it will raise the federal funds rate any time soon. The…

MondayFeb 22, 2010 8:07 am

China Swine Genetics Inc. (CSWG.OB) Posts Solid Q2 and Half-Year 2010 Results with Increases across the Board

China Swine Genetics Inc. operates through its subsidiaries and joint-venture partner to raise hogs and piglets to distribute to slaughter facilities and pork distributors in the People’s Republic of China. The company recently posted its fiscal 2010 second-quarter results for the three months ended December 31, 2009, reporting impressive increases over the year prior’s results. "We are very pleased with our second quarter and year-to-date results. Our rapid growth not only underscores the strong demand for our unique mix of breeding swine, but is a testament to our management team and the scalability of our business model,” Zhenyu Shang, CEO…

FridayFeb 19, 2010 4:24 pm

WikiLoan, Inc. (WKLI.OB) Announces Major Deal, Revenues to Potentially Top $20 Million

WikiLoan, Inc., a financial social network, announced after the closing bell that it has signed a definitive 2 year agreement with SDI Distributors NJ, Inc. (SDI) to develop up to 5 million "Wiki" branded phone and cash equivalent cards to be sold through SDI to more than 20,000 retail locations. According to the press release, the agreement could generate as much as $20 million in revenue over the next two years. This agreement would also allow WikiLoan’s brand to gain valuable exposure to millions of users throughout the country. "I'm truly excited that we have begun to execute our strategy…

FridayFeb 19, 2010 3:56 pm

Nexaira Wireless, Inc. (NXWI.OB) is “One to Watch”

Trading on the OTCBB, Nexaira Wireless, Inc. develops and delivers third and fourth generation (3G/4G) Wireless Routing Solutions. These solutions offer speed, reliability, and security to mobile operators, service providers, value added resellers (VARS), enterprise customers, and original equipment manufacturers (OEMs) globally. Nexaira Wireless Inc. has their headquarters in Vancouver, B.C. and does business through their San Diego based operating subsidiary Nexaira, Inc. Nexaira enables mobile operators, enterprises, and home office users to connect to, maintain, and manage high-speed data connections. The Company's i3 GUI makes routing platforms quick and easy to install providing the functionality, performance, and ease of…

FridayFeb 19, 2010 3:44 pm

Clean Coal Technologies, Inc. (CCTC.PK) is “One to Watch”

Headquartered in Coral Springs, Florida, Clean Coal Technologies, Inc. owns a patented technology to transform coal with impurities, contaminants, and other polluting elements into a clean-burning energy resource. The Company developed their technology in conjunction with their scientific technology consultant, SAIC, a Fortune 500 company considered as the one of the world's leading energy consulting and scientific firms. Trading on the Pink Sheets, Clean Coal Technologies, Inc. began operations on September 1, 2007. The Company offers their technology to utility plants and manufacturing firms that burn coal and that are subject to environmental regulations in China and other Asian countries.…

FridayFeb 19, 2010 2:31 pm

National Automation Services Inc. (NASV.PK) – Water Down The Drain

It can be argued that the business of wastewater treatment, today largely invisible to the public, could become one of the most critical industries of the 21st century. This is because water itself could take the place of fossil fuels, perhaps even food, as the commodity most sought and fought over. And that in turn means that wastewater could be seen more as a resource than ever before, with wastewater treatment inevitably growing in importance. The subject of water shortage is increasingly seen as an immediate global issue. The World Economic Forum recently reported that, in less than 20 years,…

FridayFeb 19, 2010 1:42 pm

WikiLoan, Inc. (WKLI.OB) Led by Solid Management Duo

WikiLoan, operator of a Social Network with a focus on finance, owes its success to the highly-skilled management team that currently leads the company. Having accumulated years of business experience, the powerful duo continues to leverage their resources to further build the company. Marco Garibaldi – Founder, Chief Executive Officer Mr. Garibaldi has extensive experience as an entrepreneur and manager overseeing the development and growth of innovative emerging companies. Also a computer programmer, he has more than three decades of extensive experience in a variety of sectors including computer programming, the Internet, entertainment and the business advisory industry. He began…

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